Author: NBTC
Bitcoin (BTC) mining company Bitdeer announced today that it had acquired a 101-MW gas-fired power plant near Fox Creek, Alberta, to build a “vertically integrated” BTC mining operation. “We are really excited about planting roots in Alberta, our first site in Canada. This acquisition is the culmination of extensive collaboration with multiple government agencies and the Canadian Blockchain Consortium,” Haris Basit, chief strategy officer at Bitdeer, said in a press release. “It marks a significant step in our strategy to become the first fully-vertically integrated Bitcoin miner, giving us unmatched control over costs, energy efficiency, and scalability.” Bitdeer says they…
Will the short-term recovery in Bitcoin (BTC) price, reflecting bearish exhaustion, push the price back above $95k? After a brief recovery over the past 24 hours, Bitcoin’s price has reclaimed the $94,000 level, initiating a V-shaped recovery from a low of $91k. Will this recovery drive Bitcoin’s price toward the $100,000 mark? Bitcoin Price Analysis On the 4-hour chart, the BTC price trend reveals significant demand for Bitcoin at the $90,742 support level, resulting in an early reversal from the 24-hour low of $91,215. This reversal has led to three consecutive bullish candles. Moreover, the bulls have managed to reverse…
Canada’s ETF market may soon feature leveraged crypto funds as Evolve Funds moves to launch new Bitcoin and Ethereum products. For quite some time, Canada‘s crypto exchange-traded fund scene has been losing investors to the U.S. as lower fees, higher trading volumes, and the launch of spot Bitcoin ETFs in the U.S. have drawn capital away from Canadian funds. Now, Evolve Funds is making a play to bring them back — with leverage. The Toronto-based firm has filed a preliminary prospectus to launch Canada’s first leveraged crypto ETFs, The Globe and Mail has learned. If approved, the Evolve Levered Bitcoin…
Solana dominates other chains based on its aggregated app revenues. The metric may mean Solana will keep attracting more developers with the promise of a more profitable app. Solana apps attract nearly 57% of revenues by chain, displacing Ethereum’s influence. This trend accelerated in the last quarter of 2024 when the meme token market had another active season, followed by the launch of AI agents. Since all activities on Solana happen directly on the L1 chain, there are multiple requirements to transact and trade successfully. As a result, the top revenue producers were the Raydium DEX and the main block…
The Bitcoin network hashrate, a proxy for competition in the industry and mining difficulty, rose slightly in January, Wall Street bank JPMorgan (JPM) said in a research report on Monday. The monthly average network hashrate rose 1% to 785 exahashes per second (EH/s), the bank noted, while mining difficulty fell 2% month-on-month. The month-end, weekly moving average hashrate was 781 EH/s, a 2% decline from the end of December, the report said. “This is relatively uncommon, and a modest tailwind for bitcoin (BTC) mining economics,” analysts Reginald Smith and Charles Pearce wrote, adding that network difficulty remains 25% higher than…
Bitcoin’s (BTC) market dynamics are revealing a hidden layer of buyer interest even as clear signals point to a bearish trend. Buyers Lurk Beneath the Surface of the Bear Market While sellers are dominant near the current market price, deeper market levels suggest buyers are quietly positioning to enter at discounted prices, potentially creating a price floor. Recent data from Hyblock Capital highlights a shift in market behavior. Selling pressure has increased at quote level, which is the ongoing market price, on major spot and perpetual futures exchanges, suggesting investors are more willing to sell at current rates. The order…
US President Donald Trump and China’s President Xi Jinping were supposed to speak today about the tariffs sent by the former. Now, that’s not happening. The White House confirmed this change after China sued the US at the World Trade Organization (WTO). White House Press Secretary Karoline Leavitt had announced earlier that a call between Trump and Xi was being scheduled and would happen “very soon.” Today’s developments put that on ice, according to a report from the Wall Street Journal. The fallout started when the US hit China with 10% tariffs early Tuesday morning. The reaction was fast and…
CARV has announced a strategic partnership with Phala Network. CARV shared the development on the X platform today January 15. The collaboration seeks to capitalize on the unique strengths of the two networks to develop advanced private and secure AI applications in the Web3 ecosystem. CARV is a blockchain that specializes in serving the needs of the gaming and AI industries. The protocol strives to solve data privacy, ownership, and monetization challenges in these industries. As a result, it offers a wide variety of tools and resources for managing AI and gaming data. On the other hand, Phala Network is…
A new fitness tracking application called StepMania is now available via messaging app Telegram, aiming to transform daily step counts into digital rewards for players—with a future token launch on The Open Network (TON) planned. The app, which integrates with Apple Health and Google Health Connect, allows users to earn in-game benefits through physical activity. The game includes leaderboards, squad challenges, and influencer-hosted tournaments. It’s similar in approach to move-to-earn pioneer Stepn, which is built on Solana, but without the need to purchase an NFT to earn token rewards. Screenshots from StepMania. Image: Decrypt Currently, players earn in-game coins and…
Leading U.S. Bitcoin miners from Wall Street reported varied production results for January 2025, as extreme weather conditions and network difficulty fluctuations impacted operations across multiple regions. MARA (NASDAQ: MARA), one of the industry’s largest miners, saw a 12% decline in monthly production, generating 750 Bitcoin compared to 865 in December. The company maintained its energized hashrate at 53.2 EH/s, focusing on optimizing its existing fleet through immersion cooling conversions in Texas and upgrading to more efficient S21 Pro miners in Nebraska. Fred Thiel, CEO, MARA, Source: LinkedIn “In January, our production saw a 12% month-over-month decline in blocks won,…